More Americans are burnt out from fake career growth with no raises. Here’s how to fight 'ghost growth'

Core Insights - The concept of "ghost growth" is emerging, where employees perceive career advancement that lacks real benefits such as pay, promotion, or meaningful responsibilities [2][3] - A significant portion of the workforce is experiencing frustration and burnout due to ghost growth, with nearly 70% considering quitting as a result [2][4] Group 1: Definition and Impact - "Ghost growth" is defined as achieving success on paper without corresponding real-world benefits, leading to increased responsibilities without adequate compensation or career progression [3] - The survey indicates that 65% of U.S. employees have experienced ghost growth, with 53% feeling their career appears to be growing but does not feel that way [5] Group 2: Employee Sentiment - Approximately 25% of workers express frustration due to ghost growth, and around 20% report feelings of burnout [4] - Employees desire tangible rewards such as higher pay, better work-life balance, and leadership roles to counteract the effects of ghost growth [4] Group 3: Market Context - The rise of ghost growth coincides with a cooling job market, as evidenced by U.S. companies cutting 32,000 jobs in September, indicating a reduction in hiring opportunities [5] - Many employees feel they are in a career plateau, with companies attempting to mask this stagnation through superficial opportunities [5]